Result of AGM

RNS Number : 4798O
Impax Environmental Markets PLC
17 May 2018
 

Result of AGM

 

Impax Environmental Markets plc (the "Company") is pleased to announce that all of the resolutions put forward at its Annual General Meeting held earlier today were passed. 

 

The text of all the resolutions is contained in the notice of meeting in the Company's Annual Report for the year ended 31 December 2017.

 

The proxy votes received were as follows:-

 

Resolution

In favour

Discretionary

Against

Withheld

1

102,755,286

16,779

0

0

2

102,738,869

16,779

12,233

4,184

3

102,738,869

16,779

12,233

4,184

4

102,749,518

16,779

500

5,268

5

102,749,518

16,779

500

5,268

6

100,770,943

16,779

1,979,075

5,268

7

102,750,018

16,779

118

5,150

8

98,830,335

16,779

3,919,800

5,150

9

78,446,110

16,779

24,304,025

5,150

10

102,744,466

16,779

10,819

0

11

102,755,286

16,779

0

0

12

79,346,344

16,779

23,408,323

618

13

102,745,834

16,779

5,268

4,184

14

102,745,952

16,779

5,150

4,184

15

102,745,834

16,779

5,150

4,302

16

101,664,492

16,779

1,090,676

118

 

 

At the time of the above meeting, the Company's issued share capital was 225,737,355 ordinary shares. The Company was holding 45,698,109 of these shares in Treasury.  Therefore, the total number of ordinary shares with voting rights in the Company was 180,039,246.

 

The Board has noted and discussed the significant votes against resolution 9, to re-appoint Ernst & Young LLP as auditors to the Company, and resolution 12, to increase the maximum aggregate annual remuneration for the Directors to £200,000. These resolutions have received support from the substantial majority of shareholders voting at the AGM. However, the Board has taken steps to understand why certain shareholders may have voted against these resolutions.

 

In the case of resolution 9, an audit tender was conducted during the year ended 31 December 2013 and Ernst & Young LLP were reappointed in that tender. Ernst and Young LLP's continuing appointment is compliant with current rules. In the case of resolution 12, the resolution was proposed to provide the Board with additional flexibility to meet the Company's circumstances. The Board continues to believe the resolutions are in the best interests of shareholders as a whole.

 

 

17 May 2018

 

Enquiries

 

PraxisIFM Fund Services (UK) Limited

Anthony Lee / Maria Matheou     020 7653 9690

Company Secretary

 

 


This information is provided by RNS
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